The Securities and Exchange Board of India (Sebi) has updated norms for Alternative Investment Funds (AIFs). Large Value Funds (LVFs) for accredited investors can now extend their tenure by up to five years, with approval from two-thirds of unit holders. Additionally, Category I and II AIFs can borrow up to 10% of investable funds for up to 30 days to address temporary shortfalls. These changes aim to enhance clarity and operational flexibility. These updates provide flexibility for AIFs, potentially improving investment opportunities and regulatory compliance for large investors.
Sebi Extends Tenure Limit for Large Value Funds
